If you’re a former member who transferred your benefits out of the Scheme, Guaranteed Minimum Pension (GMP) equalisation may affect you.
GMP equalisation is a process that many of the UK’s defined benefit pension schemes are required to carry out. We check members’ benefits and correct any inequalities resulting from historical differences in GMP terms for men and women.
The Trustee has been working with its adviser, Aon, to contact those former Scheme members who are due a top-up payment. If you receive a letter from Aon, please follow the instructions it provides to confirm your details, so we can arrange your payment.
You’ll find more details on our dedicated webpage about GMP equalisation and former Scheme members.